Insight Enterprises (NASDAQ:NSIT) Price Target Lowered to $225.00 at JPMorgan Chase & Co.

Insight Enterprises (NASDAQ:NSIT) had its price objective lowered by JPMorgan Chase & Co. from $233.00 to $225.00 in a research note released on Friday, Benzinga reports. The firm currently has a neutral rating on the software maker’s stock.

Several other analysts have also issued reports on NSIT. StockNews.com lowered Insight Enterprises from a buy rating to a hold rating in a report on Friday, July 5th. Stifel Nicolaus raised their price objective on Insight Enterprises from $192.00 to $200.00 and gave the company a hold rating in a research note on Wednesday, July 17th. Finally, Barrington Research raised their price objective on Insight Enterprises from $211.00 to $225.00 and gave the company an outperform rating in a research note on Thursday, May 9th.

Insight Enterprises Stock Down 0.8 %

NSIT opened at $180.00 on Friday. Insight Enterprises has a 1-year low of $139.34 and a 1-year high of $228.07. The stock’s fifty day simple moving average is $204.02 and its 200 day simple moving average is $193.94. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.36. The stock has a market cap of $5.86 billion, a PE ratio of 22.64, a price-to-earnings-growth ratio of 1.53 and a beta of 1.49.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Thursday, August 1st. The software maker reported $2.46 earnings per share for the quarter, missing the consensus estimate of $2.82 by ($0.36). The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.47 billion. Insight Enterprises had a return on equity of 20.38% and a net margin of 3.38%. The firm’s quarterly revenue was down 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.56 EPS. As a group, research analysts expect that Insight Enterprises will post 10.76 earnings per share for the current year.

Insider Activity

In other news, insider Adrian P. Gregory sold 2,750 shares of Insight Enterprises stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $195.83, for a total transaction of $538,532.50. Following the sale, the insider now directly owns 3,447 shares of the company’s stock, valued at $675,026.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Adrian P. Gregory sold 2,750 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $195.83, for a total transaction of $538,532.50. Following the completion of the transaction, the insider now directly owns 3,447 shares in the company, valued at $675,026.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Holdings L.P. Valueact sold 450,000 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $192.49, for a total value of $86,620,500.00. Following the transaction, the director now owns 4,061,739 shares of the company’s stock, valued at $781,844,140.11. The disclosure for this sale can be found here. Over the last three months, insiders have sold 462,750 shares of company stock valued at $89,169,833. 1.23% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Insight Enterprises

Hedge funds have recently made changes to their positions in the stock. Opal Wealth Advisors LLC bought a new position in shares of Insight Enterprises during the second quarter worth about $38,000. GAMMA Investing LLC bought a new stake in shares of Insight Enterprises during the fourth quarter valued at approximately $40,000. SRS Capital Advisors Inc. bought a new stake in shares of Insight Enterprises during the fourth quarter valued at approximately $46,000. Signaturefd LLC increased its holdings in shares of Insight Enterprises by 26.9% during the fourth quarter. Signaturefd LLC now owns 392 shares of the software maker’s stock valued at $69,000 after acquiring an additional 83 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new stake in shares of Insight Enterprises during the first quarter valued at approximately $89,000.

Insight Enterprises Company Profile

Insight Enterprises, Inc, together with its subsidiaries, provides information technology, hardware, software, and services in the United States and internationally. The company offers modern platforms/infrastructure that manages and supports cloud and data platforms, modern networks, and edge technologies; cybersecurity solutions automates and connects modern platform securely; data and artificial intelligence modernizes data platforms and architectures, and build data analytics and AI solutions; modern workplace and apps; and intelligent edge solutions that gathers and utilizes data for real-time decision making.